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24 May, 2018 00:00 00 AM
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Robi incurs losses for 3rd consecutive quarter

STAFF REPORTER

Robi Axiata Limited, country’s second-largest mobile phone operator, has incurred losses for the third consecutive quarter, registering net losses of Tk 103 crore in the first quarter of 2018.

Robi in a statement on Tuesday said that it has incurred losses for the third consecutive quarter in spite of having significant growth of acquiring 4G customers in the first quarter (Q1) of the year.

In the quarter-on-quarter (Q4 of 2017 to Q1 of 2018) basis, Robi’s Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) margin improved by 1.5 percentage point (pp) to Tk 3.5 billion despite higher investment for 4.5G related network costs and promotional activities, the statement added.

Robi’s profitability (PAT) was negative in Q1 of this year impacted by additional 4.5G costs coupled with increased borrowing rate in the market. Besides, the prevailing high taxation regime and landscape of market competition saw Robi incurring loss for three consecutive quarters (Q3 and Q 4 of 2017 and Q1 of 2018).

Compared with Q1 of 2017, Robi added another 2.7 million new subscribers to reach 45.6 million in Q1 of this year, representing 30.4 percent subscriber market share.

During the period, the company witnessed encouraging growth in both voice (5.2pc) and data revenue (42.0pc).

“Continuous investment in nationwide network expansion, capacity enhancement and 4G readinesses along with the debilitating impact of high taxation regime coupled with the landscape of market competition have resulted in Robi incurring loss in this quarter,” said the operator.

Robi in the statement said it has continued investing to fast-track its 4.5G network expansion and improving its 3.5G/2.5G network quality to ensure better customer experience both in voice and data services. Total CAPEX investment made by Robi since inception amounted to Tk 216.6 billion inclusive of Tk 9.9 billion CAPEX investment in the first quarter of 2018.

The company has network coverage in all 64 districts in Bangladesh with 10,700 sites of which over 9,300 are 3.5G sites and more than 5,200 are 4.5G sites.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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